L&T surprised the market with a sharp 84 percent bottom-line growth at Rs 1,436.6 crore. Analysts were, however, more or less on the mark as far as sales is concerned with projected growth of 8 percent. The company posted 8.2 percent revenue growth.
In an interview to CNBC-TV18, GK Pillai, MD and CEO of Walchandnagar said the company has an orderbook of Rs 1000 crore, from which it expects a revenue Of Rs 600 crore in FY17 and a profit before tax of Rs 60 crore.
Heavy engineering major Larsen & Toubro is on track to meet its full-year order flow guidance of Rs 80,000-85,000 crore, Whole Time Director and Chief Financial Officer Shankar Raman said at a press conference on Thursday.
UR Associates has come out with its report on infra sector. As per the research firm, HCC has received approval from 27 banks for the re-alignment of its debt and is likely to sign the deal soon.
AK Vijay, Sr VP- Commercial & CFO, Texmaco, in an interview on CNBC-TV18, spoke about the latest happenings in his company and sector.